The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-06-22
UNCLE SANS BALANCES.
ESTIMATED DECREASE IN THE
TREASURY SURPLUS.

A Handsome Cash Balance Shown
The Interstate Commission Defines
Publicity on Behalf of
the Burton Car Company-Civl Ser
vice Rules to be Further Extended.
WASHINGTON, June 21-The following
statement in regard to the national finances
Is authorized by the Treasury Department
The estimated receipts and expenditures of
the government in the months OF July and Au-
gust show that there will be decrease rather
than increase of the treasury surplus during
that time. After providing for Sl9, 49, 600 of the
per cent bonds due July l the surplus will be
about $50 10000. The pension appropriation of
S16,O15,0OO for the fiscal year ending June 30,
1881, is already exhausted, consequently the
pension bureau reports that when the new ap-
preparation becomes available on July / it viii
draw S12000,000 for the payment of pensions
This will leave in the Treasury a surplus of S25,
100000. The government assets in national
bank depositorieS July ] will about equal that
sum, so that Substantially the whole govern
ment balance will thus be available for
the current business of the country on July
], and will probably continue thus available
for some months, for the amount of the govern
ment deposits in the national banks constantly
increases, and in August another $4,000, 900 will
be drawn for pensions. Accrulng interest and
ordinary expenses will require ST. 900 900 in July
and August, and the receipts for those months
will be about 10000, leaving on Sept. l a
considerations should be noted as affecting tie
influence of the Treasury upon the finances of
the country. One is, that of the above estimated
receipts more than 81 ,000, 900 will come not from
taxation, but from the profit on the coinage of
the silver dollar. Another is that during July
and August the government will expend
at least 100000 in the purchase of
silver bullion, which sum is not
included in the above estimated expenditures
Another is, that 81, 100000 of the surplus is got
by calling cash that amount of trade dollars
redeemed and melted into bars. Last year the
Treasury surplus in July and August ranged
from 900 to :SS5 900 600, as against from
SIS, 000, 900 to $29.000,00O this year, when the
comparison is made on the same basis. While
the deposits in the national bank repositories
are much larger during the fiscal year ending
June 30, 1887, the circulating medium of the
country will have been increased through the
Treasury operations and otherwise about
S70,OOOOOO of which S55, 900 900 is not less than
coins of $50 and under.
BAD NEWS FOR THE enjoys"
1t is understood that the Civil Service
Commission is so well pleased with the
! results of the recent examination in the
War Department, under the new rules
governing promotions, that it will ask the
President to extend the rules to the other
departments.
NEW MEXICAN POSTAL TREATY
The postal convention between this coun-
try and Mexico, recently ratified by the
Mexican government, was to-day approved
by President Cleveland, and its text is made
public. 1t makes complete 'new depart
ure" in our postal relations with Mexico,
changing, improving and vastly extending
the facilities and scope of the existing ser,
vice. 1t is a document of considerable
length. The classification of and rates
of postage and the registration
fee to be levied, and collected upon the mail
matter originating in either country, and
addressed to the other, shall be in accord
ance with the domestic laws and regulations
of the country of origin, provided that the
rates of postage and the registration fee so
levied shall not exceed in either country the
minimum rates of postage and the registra-
ton fee prescribed for articles of like nature
by the Universal Postal Union Convention
WEATHER TOO WARM FOR BUSINESS.
The Executive Committee of the Southern
Railway and Steamship Association held a
meeting at the Arlington Hotel today for
the consideration of routine business No
thing was done with regard to the recent
ruling of the Interstate Commerce Commits
sion on the long and short haul question
The committee adjourned on account of the
warm weather to meet at Old Point Com
fort in a day or two.